Mesa Air & Republic Airways to Merge
This morning, Phoenix based Mesa Air and Indianapolis based Republic Airways have announced intentions to merge into a combined carrier. The combined company, which would operate as Republic Airways Holdings Inc, will have a single fleet of about 310 Embraer 170/175 aircraft, and will remain listed on the Nasdaq as “RJET.”
According to Reuters, Mesa, which has a market value of $29.3 million, rose 23.8% in premarket trading (this is especially notable given the less than ideal situation in the US stock market).
Mesa Air: Fast Facts
Headquarters: Phoenix, Arizona
Operates on behalf of: United Express, American Eagle
Number of Employees: ~3,600
Fleet: E175s (80 currently, 20 on order)
Daily Departures: 500+
Hubs: Houston (IAH), Washington (IAD)
Republic Airways: Fast Facts
Headquarters: Indianapolis, Indiana
Operates on behalf of: United Express, American Eagle, Delta Connection
Number of Employees: 1,992
Fleet: E175s (177), E170s (41)
Daily Departures: 1000+
Hubs: Boston, Chicago (ORD), Columbus, Indianapolis, Louisville, Newark, New York (LGA), Washington (DCA), Pittsburgh, Philadelphia